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OECD Working Papers on Insurance and Private Pensions No. 15: Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries
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The fact that the shortfall figures have been rising over the past twenty years indicates that the
mutual fund industry's market impact problems are becoming increasingly severe. This is not
surprising, given the rapid growth in the size of mutual funds and an increase in the rates of their
portfolio turnover.
In any event, it appears that the combination of reported expenses and market impact costs, on
average, now consumes the mutual fund investor's capital at a...
Nội dung trích xuất từ tài liệu:
OECD Working Papers on Insurance and Private Pensions No. 15: Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries
Nội dung trích xuất từ tài liệu:
OECD Working Papers on Insurance and Private Pensions No. 15: Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries
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